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Sam Altman may be right by saying that ai investors are “too much exposed” But this is not a bubble in the sense of tulip mania. Openai has real revenue ($ 13 billion) and huge consumer growth. Still, technology estimates, especially the amazing dominations of Seven S&P 500, look overheated, which indicates a possible correction, even if the bases remain strong.
Sam Altman, CEO of Openai, said the word “bubble” three times in 15 seconds full of journalists, and then called for them not to write a story about it – to ensure that many stories are written. He said he was “too surprising” to AI investors.
Is he right?
Probably so. From the point of view, maybe not.
The classic bubble exists when valued assets are essentially not worth their price (and will never be) or when the main value is close to zero.
Thus, in 1637. In the Great Dutch Tulip Mania, it is clear that the price of a tulip bulb should never be 10 times higher than the annual salary.
And excessive 2008. The financial crisis revealed that many mortgages were given to people who simply did not have the opportunity to afford them, so these mortgages were worth much less than banks’ balances, saying they did.
So the question arises as a bubble or not now. From a key point of view, the answer is no. Open literally has nothing worthwhile. This is not a tulip lamp or a tract house in the middle of nowhere. There is a real business there.
JPMorgan’s Brenda Duverce spokesman told customers in the latest note that “Openi’s ARR reached ~ $ 13 billion (more than 30% of June 25), and the company said it was $ 700 million. 25, which would make the Openai the most valuable private company in the world. “
As for this, a company with a Chatbot that often makes mistakes will somehow become the largest unicorn land, which has ever seen. It feels sparkling.
But Open is worth nothing: $ 13 billion is a real thing. The value of its property may be decreasing in the short term, but the company does not delve into how Lehman Brothers was in 2007.
But what about a technical point of view?
Currently, the woller talks a lot about whether the technical stock is overestimated so that it looks like a bubble. They have some terrible charts!